UPDATE: Marsh & McLennan Reports 31% Increase In Q1 Profit

Marsh & McLennan Companies Inc MMC reported a 31% rise in its first-quarter profit. The company reported its quarterly profit at $325 million, or $0.58 per share, up from $248 million, or $0.45 per share, in the year-earlier period. The company's adjusted earnings came in at $0.56 per share. The company's revenue surged to $2.88 billion from $2.64 billion. However, analysts were expecting earnings of $0.56 per share on revenue of $2.81 billion. MMC shares gained 0.56% to close at $30.77 yesterday. Read more from Benzinga's Company news.